Question: A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: FORECAST ACTUAL April 256 206
A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted:
FORECAST ACTUAL
April 256 206
May 331 260
June 403 322
July 356 306
August 381 327
September 453 402
a. Find the tracking signal for each month. (Negative values should be indicated by a minus sign. Round your answers to the nearest whole number.)
b. Does the model used here give acceptable answers? multiple choice No, the model's performance is poor. Yes, the model's performance is good.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
